Last checked at 12 May 2017 13:39
12 May 2017
CLARKSON PLC
("the Company")
Results of 2017 Annual General Meeting
The Company announces that, in accordance with Listing Rule 9.6.2R, copies of the resolutions (other than those comprising ordinary business) passed at its Annual General Meeting ("AGM") held on 12 May 2017 have been submitted to the UK Listing Authority and are available for inspection at the UKLA's Document Viewing Facility located at www.morningstar.co.uk
On the date of the AGM, the number of issued shares of the Company was 30,233,179 shares which was the total number of shares entitling holders to attend and vote in respect of all resolutions.
All resolutions at the AGM were passed on a show of hands.
The following table shows the proxy votes cast for each resolution:
Description | In favour | Votes Cast % | Against | Votes Cast % | Discretion | Votes Cast % | Votes Withheld | |
1 | Report & Accounts | 22,986,279 | 98.76 | 166 | 0 | 289,590 | 1.24 | 8,917 |
2 | Remuneration Report | 16,966,872 | 72.87 | 6,027,724 | 25.89 | 290,590 | 1.24 | 2,281 |
3 | Remuneration policy | 16,841,377 | 72.33 | 6,106,012 | 26.22 | 336,797 | 1.45 | 3,281 |
4 | Dividend | 22,997,030 | 98.76 | 0 | 0 | 289,590 | 1.24 | 847 |
5 | Re-elect Mr J Hughes-Hallett | 21,386,347 | 92.75 | 1,325,748 | 5.75 | 346,521 | 1.50 | 228,851 |
6 | Re-elect Mr A Case | 22,922,883 | 98.44 | 74,408 | 0.32 | 289,590 | 1.24 | 586 |
7 | Re-elect Mr P Anker | 22,784,923 | 97.85 | 20,094 | 0.09 | 480,998 | 2.06 | 1,452 |
8 | Re-elect Mr J D Woyda | 22,538,813 | 96.80 | 456,069 | 1.96 | 289,590 | 1.24 | 752 |
9 | Re-elect Mr P Backhouse | 22,362,028 | 96.92 | 421,653 | 1.83 | 289,590 | 1.25 | 214,196 |
10 | Re-elect Mr B Nergaard | 22,543,143 | 96.81 | 448,136 | 1.92 | 294,330 | 1.27 | 1,858 |
11 | Re-elect Mr E Warner | 19,527,918 | 84.40 | 3,318,732 | 14.34 | 289,590 | 1.26 | 151,227 |
12 | To elect Ms ML Clayton | 22,336,054 | 96.95 | 413,347 | 1.79 | 289,590 | 1.26 | 248,476 |
13 | Re-appoint of Auditors | 22,834,467 | 98.70 | 10,330 | 0.04 | 289,590 | 1.26 | 153,080 |
14 | Auditor's remuneration | 22,836,087 | 98.08 | 1,066 | 0 | 445,461 | 1.92 | 4,853 |
15 | Authority to allot shares | 21,170,164 | 91.50 | 1,629,881 | 7.04 | 335,997 | 1.46 | 151,425 |
16 | Waive pre-emption rights* | 22,770,971 | 98.42 | 74,977 | 0.32 | 289,590 | 1.26 | 151,708 |
17 | Purchase own shares* | 22,972,701 | 98.65 | 24,470 | 0.11 | 289,590 | 1.24 | 706 |
18 | Notice of general meeting* | 22,648,289 | 97.56 | 277,406 | 1.19 | 289,590 | 1.25 | 63,936 |
* Special resolution requiring 75% majority.
The Board of Directors notes that, although the resolutions to approve the Directors' remuneration report and the remuneration policy were passed with the requisite majority, some 25.89% of votes were cast against the Directors' remuneration report resolution and 26.22% of votes were cast against the remuneration policy resolution. We have engaged with the Company's major shareholders in order to fully understand their concerns relating to the Directors' remuneration report and policy and will continue to engage with shareholders throughout the year.
Enquiries:
Clarkson PLC
Penny Watson - Group Company Secretary, Clarkson PLC Tel: +44(0) 20 7334 3476
Camarco
Billy Clegg Tel: 020 3757 4983/ 020 3757 4994
Jennifer Renwick